Stockholders' Equity

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

Stockholders' Equity

Note M – Stockholders’ Equity

During the last three years, the Company has repurchased Common Stock under variable term, capped accelerated share repurchase transactions (ASR) as authorized by the Board of Directors.  These share repurchases during the last three years were as follows:

		2015		2014		2013
Purchase of Treasury Stock	$	250,000,000	$	375,000,000	$	500,000,000
Shares repurchased		5,967,313		6,373,718		7,855,419

There are no open share buyback programs as of December 31, 2015.  The shares acquired under the various buyback programs are carried as Treasury Stock in the Consolidated Balance Sheet.